The CEO and largest shareholder of both companies said a merger would be a “good idea” and that they had formed committees to discuss the possibility.

Elon Musk says a merger between Tesla and SpaceX is under active consideration, with special committees at both companies evaluating a deal that could combine businesses valued at roughly $3.5 trillion. "Do I think it would be a good idea? Yes," Musk said during a call with financial analysts over t...

Elon Musk said Tuesday that the boards of SpaceX and Tesla have each formed special committees to study merging his two biggest companies.

Elon Musk’s floated SpaceX-Tesla merger would unite the companies’ combined 30,221 BTC, worth roughly $2.5 billion.

Musk said he isn’t a member of either special committee or involved in the talks because he’s a conflicted party under securities regulations.

Stocks of Elon Musk's two biggest companies are rising Wednesday after he suggested a combination was in the works to form a trillion dollar colossus in possibly the biggest deal ever.

Tesla posted a drop in profit for the latest quarter as it prepares for a possible merger with Elon Musk’s other big business, SpaceX.

According to Barclays analysts, a potential merger between Tesla and Elon Musk’s SpaceX could be announced before the electric vehicle manufacturer’s 2026 annual shareholder meeting with...